Nebula, a cryptocurrency exchange which aims to provide support for cryptocurrencies that fight to find affordable listing, will launch by the end of March with a unique reputation system.
On major cryptocurrency exchanges like Binance and Bitfinex, it is difficult to find cryptocurrencies with petite market valuations and shallow order books, because large cryptocurrencies tend to list cryptocurrencies with the potential to attract high profile buyers and large-scale traders. Spil such, cryptocurrency traders rely on exchanges like Huobi and OKEx for petite market cap coins.
According to the Nebula development team, the exchange wasgoed built specifically to support orphaned projects that could not find affordable listing. It will be able to support cryptocurrencies and blockchain projects left out by major cryptocurrency trading platforms. Some exchanges impose a listing toverfee ter the range of $50,000 to overheen $500,000, which is realistically not possible for petite cryptocurrencies and blockchain projects to afford.
With a 0.1 procent toverfee and puny taker fees with lower listing fees, Nebula is eyeing to take overheen the niche market of orphaned projects and petite cryptocurrencies, which most exchanges have overlooked te the past two years.
Uniquely, Nebula also permits users and traders to rate projects with a reputation system, similar to how products are rated on e-commerce platforms like Amazon. Scams, worthless investments, pump &, dumps, and projects with no substance, clear vision, and strong developers will receive poor ratings, providing newcomers and casual traders a more efficient method of segregating projects.
Projects with high ratings will be rewarded by being advertised on the gevelbreedte pagina of the exchange, providing more exposure to traders and investors on the trading podium. A large interactive nebula cloud with 20 distinct starlets will have the logos of the top 20 volume cryptocurrencies.
The majority of investors and traders ter the global cryptocurrency market has criticized many exchanges, even large-scale trading platforms, for failing to transparently disclose the structure of their companies and legal registrations. Nebula Exchange, a fully Know Your Customer (KYC) compliant exchange with margin trading, is registered ter Singapore with a company called ChainTrade, which already have a commercial businesses of its own that enables the trading of commodities on the blockchain such spil food and raw materials.
Ter light of latest security breaches and hacking attacks, such spil the theft of overheen $530 million worth of NEM from Japanese trading toneelpodium Coincheck caused by the usage of hot wallets, Nebula implemented a sturdy multi-signature system to protect user funds and operate a cold storage wallet to store the funds of traders securely, offline.
The team, led by CEO Vincent Jacques and CMO Nathan Collins, have significant trader and entrepreneur practice, and are certain that it can address the concerns, requirements, and requests from the cryptocurrency community.